Has the paper £20 note been withdrawn?

Last Update: April 20, 2022

This is a question our experts keep getting from time to time. Now, we have got the complete detailed explanation and answer for everyone, who is interested!

Asked by: Ms. Aubrey Abshire I
Score: 4.7/5 (14 votes)

30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

How long can I use old 20 pound notes?

The old £20 notes will stay valid until the September 2022 expiry date given by the Bank of England. However, if you are unable to meet this deadline there is still a way you can trade in your old paper £20.

Is there a withdrawal date for the old 20 notes?

The last day the old £20 note can be used is on 30 September 2022 - more than two years after the new polymer £20 note was first issued by the Bank of England. Old £50 notes will be withdrawn from circulation on the same day.

Can you still use old 20 Notes 2021?

The Bank of England has announced that the old notes will go out of circulation on 30 September 2022. This mean you will not be able to use the notes in shops, but you will be able to exchange them for new notes. Some banks and the Post Office may also accept them if you wish to deposit them into your bank account.

Which banknotes are being withdrawn?

The new £50 enters circulation, and the paper £20 and £50 will be withdrawn in 2022 | Bank of England.

How long can I use the old £20 Note? Paper £20 Withdrawal date

25 related questions found

Are Ulster Bank paper 20 notes still legal tender?

All Royal Bank of Scotland and Ulster banknotes (as with all Scottish and Northern Irish banknotes) remain legal currency, will not be withdrawn from circulation in the same way as the Bank of England notes, and have no end date for acceptance. You are unable to swap / deposit commemorative coins.

Can you still use Ulster Bank 20 pound notes?

Ulster Bank has introduced new £20 notes into circulation in Northern Ireland. ... The date for withdrawal of the paper £20 notes is yet to be announced and they can still be used. The new notes are vertically shaped and their designs were developed by a panel of people from across NI.

Can I exchange old notes in 2021?

Exchanging old notes

You need not visit the branch of the bank where you have an account in. If you want to exchange up to Rs 4,000 in cash, you can simply go to any bank with a valid ID proof. This limit of Rs 4,000 for exchanging old notes will be reviewed after 15 days.

Are old 20 notes still legal?

A note from the Bank of England reads: "30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes. "After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date."

Can you still use old 20 notes Scotland?

Can I use the old paper £20 note and when does it expire? Paper £20 notes can continue to be used as normal for now alongside the new plastic notes. The deadline for using your old paper £20 notes is September 30, 2022. You'll need to spend them by then, or deposit them in a bank account.

Do old 20 pound notes change?

If your bank or Post Office can't help, you can swap paper notes for polymer versions at the Bank of England. If you can't deposit the cash into your bank account or you're refused permission to swap it then you'll have to change it directly with the Bank of England.

Can I still use an old ten pound note?

Banks don't legally have to accept old paper notes and coins once they've been withdrawn from circulation. However, some may continue to allow you to swap them while others may let you deposit old notes and coins into your account.

Where can I change old bank notes?

At your bank

If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank. The Post Office Opens in a new window may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account you can access with them.

Can I change old 20 notes at the post office?

Anyone who misses the date for spending or depositing the old paper £20 note won't lose out. Even after the old £20 notes have been withdrawn from circulation, the Post Office will accept withdrawn notes as a deposit into any bank account. And you can always exchange withdrawn notes directly with the Bank of England.

Will banks still take old notes?

Paper notes are set to be phased out entirely in September 2022, when it will no longer be possible to use £20 and £50 notes. ... Although the older notes cannot be used as legal tender, the Bank of England will accept them.

Will banks still accept old 20?

30 September 2022 is the last day you can use our paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. The Post Office may also accept withdrawn notes as a deposit into any bank account you can access at the Post Office.

Can you still use old 50 pound notes?

The Bank of England have confirmed that old £50 notes expire on Wednesday 30 September 2022. This will officially be the last day you can use your old £50 notes in shops, pubs and restaurants.

Can exchange old notes now?

After 30th December 2016, Rs 500 and Rs 1,000 notes will be accepted till 31st March 2017 in several RBI branches after taking declaration from RBI. ... On international airports, old currency notes of up to Rs 5,000 can be exchanged for the next 72 hours.

How do you know if old money is worth anything?

Multiply the weight of the coin by the percentage "fineness" of the coin (the percentage of the coin that is gold or silver). This will establish how much of the precious metal you have to sell. Multiply the result of the first calculation by the current price of the precious metal in the coin.

How do I sell old coins and notes?

Step 1: Open the homepage of websites where you want to sell your old note. You can visit Ebay, Click India etc. Step 2: For selling the note online in an auction, you have to click the photo of the currency note having 12345 or 123456 digits on it. Step 3: Register yourself as a seller on the bidding website.

Can you still use paper 20 notes Bank of Ireland?

Bank of Ireland (UK) plc issues banknotes in denominations of £5, £10, £20, £50 and £100. There are currently no changes to the paper £20 and £50 banknotes which are also part of the Bushmills series, or to the £100 banknote, which is part of the Queen's University Belfast series. ...

How can you spot a fake Ulster Bank note?

Ulster Bank Limited name and logo.
  1. Look: Print Quality. Lines should be sharp and well defined with no blurred edges. ...
  2. Look: Watermark. Hold the note up to the light. ...
  3. Look: Security Thread. ...
  4. Look: See Through. ...
  5. Look: Microprint. ...
  6. Look: Serial Numbers. ...
  7. Look: Denomination Numerals. ...
  8. Feel: Paper Quality.

Can I spend Ulster Bank money in England?

There are two banks in Northern Ireland which issue bank notes and, although this cash is in sterling, it is not actually legal tender in England. ... Many retailers will still accept them but they are under no obligation to do so, according to the Bank of England.

Can you still use northern bank 20 notes?

All current Northern Bank branded banknotes will retain their face value as promissory notes. ... Our bank notes can be accepted across the UK as they are valid sterling notes.

What 20 notes are going out of circulation?

Paper £20 notes go out of circulation on September 30 2022. Until then, you can still use the old £20 notes as they are accepted as legal tender. If you're looking to exchange any old notes, The Bank of England website has further information.